| Budget Amount *help |
¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
|
|---|
| Research Abstract |
This study develops a new theory to re-define time preference so that we can elicit time preference independently of risk preference. Its contribution to the literature is particularly significant as previous studies do not successfully separate risk and time preferences. Based on the new theory, I invent a non-parametric elicitation method of time preference. Then I conduct economic experiments with the new method and identify new findings, which have never been reported before, such as "future bias" and inverse-S shaped time discounting function.
|
